Running a business means interacting with dozens of tax forms — many of which look similar but serve very different purposes. A sole proprietor’s tax picture looks nothing like an S-Corporation’s. An employer files forms a solo freelancer never sees. Understanding which forms apply to your business, what they report, and when they are due […]
ESG Reporting Trends for Businesses: What Utah Small Business Owners Need to Know
Environmental, Social, and Governance (ESG) reporting has moved from a fringe concern for large public companies to a mainstream business expectation that is beginning to reach small and mid-sized private businesses — particularly those in enterprise supply chains. For Utah small business owners, understanding what ESG reporting is, which regulations are actually enforceable, and when […]
Summary of Recent Tax Law Changes Affecting Utah Small Businesses
Federal and Utah state tax law changes regularly enough that what applied two years ago may not apply today. This summary covers the most significant recent changes affecting Utah small business owners — with a focus on the years 2023–2025. For the complete 2024 tax law changes overview, see our tax changes 2024 article. This […]
Latest Trends in Cloud Accounting: What Utah Small Businesses Need to Know
Cloud accounting has moved from a novelty to the default for small business finance. QuickBooks Online surpassed QuickBooks Desktop in active users years ago. Xero has built a loyal base among businesses that prioritize clean interfaces and strong CPA integration. The migration away from desktop software and spreadsheets is effectively complete for new businesses and […]
S Corp Salary Review Before Year-End | FJ & Associates
Learn why S corporation owners should review their salary every year and how adjusting reasonable compensation can prevent unnecessary payroll taxes.
Understanding Blockchain’s Role in Finance: What Utah Small Business Owners Should Know
Blockchain technology has generated more hype — and more confusion — than almost any other technology trend of the past decade. For the average Utah small business owner, sorting out what blockchain actually is, what it practically affects, and what you need to know for tax compliance can feel daunting. This article focuses on the […]
Annual Small Business Tax Checklist for Utah Business Owners
Tax season arrives the same time every year — but the businesses that handle it smoothly are the ones that prepared throughout the year, not just in March. This checklist covers every significant tax obligation for Utah small business owners: income tax, payroll tax, sales tax, year-end documentation, and Utah-specific filings. Work through it in […]
Comprehensive Accounting & Tax Glossary for Utah Small Business Owners
Understanding the language your CPA uses — and the terms on your tax return — puts you in a stronger position to manage your business finances, ask better questions, and make more informed decisions. This glossary covers the most commonly used accounting, bookkeeping, tax, and financial terms relevant to Utah small business owners. A Accounts […]
Frequently Asked Questions About Payroll for Utah Small Businesses
Payroll is one of the most compliance-dense areas of running a small business — and one of the most dangerous to get wrong. Unlike a missed invoicing deadline (which hurts cash flow), a missed payroll tax deposit attracts immediate IRS attention and can result in personal liability against the business owner. The questions below address […]
Official IRS Resources for Small Businesses: A Curated Guide for Utah Business Owners
The IRS publishes an enormous volume of guidance — publications, forms, instructions, notices, revenue rulings, and FAQs. For small business owners, navigating it can feel overwhelming. This guide cuts through the noise and identifies the IRS and Utah state resources most directly useful for day-to-day business operations, tax preparation, and compliance. IRS Online Tools and […]
